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 REIT V4, Real Estate Investment Trust

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yok70
post Sep 11 2012, 01:34 AM

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QUOTE(Dias @ Sep 10 2012, 10:40 PM)
The new issues are for acquisition of the two new properties. I'd assume that they would want to avoid diluting DPS generated from existing holdings?
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If this only means we are getting the dividend in advance instead of more dividend, then not so happy lah. But ok lah, if it's for our good to avoid dilution. cool2.gif

Added on September 11, 2012, 1:35 am
QUOTE(ronnie @ Sep 10 2012, 10:42 PM)
Could you explain in layman English ?
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It means after RI, total shares of Hektar will increase, so the income will be distributing to more units of shares. Therefore, the dividend for each share will be less. Hope my English ok enough for you. laugh.gif

This post has been edited by yok70: Sep 11 2012, 01:35 AM
yok70
post Oct 2 2012, 02:05 AM

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QUOTE(nspk @ Oct 1 2012, 11:06 PM)
will hektar fly tmr?
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Why?
yok70
post Oct 5 2012, 07:44 PM

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QUOTE(praveenmarkandu @ Oct 4 2012, 09:18 AM)
STARHILL REIT hasn't been looking strong. Anyone know the reason why?
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Australia hotel purchasing not completed yet?
I am seeing non-stop selling but at the same time non-stop accumulating. What a balance. tongue.gif

yok70
post Oct 9 2012, 11:53 AM

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QUOTE(Smurfs @ Oct 9 2012, 11:13 AM)
STAREIT :

1) is a pure-play hospitality REIT,almost all property under long term lease already.Hence it's income is predictable
2) no major upside due to fixed lease rate.Only 5% increment of lease rate for every 5 years (if i'm not mistaken)
3) low gearing

So if u doesnt mind collecting around 6.9 cents pa for the next 5-10 years( if there is no further injection aka buying new properties ) and without hoping much on capital appreciation , then it is a good choice.

Dividend yield around 6-7 % and with current price it is still trading below NAV.

My point of view  icon_rolleyes.gif
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Its local hotels (which is the majority of its current assets) has 15 years lease with slight increment of lease rate every 5 years. So stable income for sure. And I think it also has one hotel in Japan.
Injection of the 3 Marriott Hotels in Australia, if successfully by end of this year, may double its market capital size. Yield may raise by 20-30% when getting full earnings from these new assets.
fyi, JAPAN$ gain 80% and AUS$ gain 50% in past 20 years.

biggrin.gif
yok70
post Oct 10 2012, 01:34 PM

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QUOTE(panasonic88 @ Oct 10 2012, 11:10 AM)
Bought my first batch of SUNReit.  thumbup.gif 

Attached is the Sunreit research paper back in 2010, written by Maybank. That time its properties profile has 8 assets only, today's Star headline give me a knock on the head, SunReit has 12 assets under its Reits arm now. I'm impressed.

More assets = Rentals = My Dividends!
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Welcome gold finger aboard! rclxms.gif
I've been accumulating this sun 1.2x until 1.4x. Still got room to eat more. icon_idea.gif

yok70
post Oct 10 2012, 05:20 PM

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QUOTE(panasonic88 @ Oct 10 2012, 02:27 PM)
Hoho Hi-there fellow captains! wave.gif

Yes, definitely has room to grow.  nod.gif

Near Term:
Sunway Putra Mall which is under refurbishment exercise will be ready by end of 2012/early 2013. I believe so does this newly acquired SunMed.

Potential:
Sunway Hotel, Sunway Lagoon Theme Park, Monash University, Sunway University, Sunway Giza Shopping Centre and Sunway Medical Centre.

Future:
Menara Sunway's The Pinnacle (Office with 1000 parkings), Sunway Pyramid 3 (4 Star Hotel), Sunway Velocity (Shopping mall, completed in 2015-2016)

Extra:
Company is also focusing on 3rd party acquisitions (retail and mixed use segments).
Targeting growth cities such as the Klang Valley, Johor, Penang and even Sabah.
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no captain lah, small bee only. laugh.gif

correction: Sunway Putra Mall's refurbishment will START by end of 2012/early 2013. It should take 15-18 month to complete. Therefore, the big boost of yield can only happen in 2015.
Now, income will be less. So the yield coming from new acquisitions(I think few more coming according to the management's words and the 20% fund size increment proposal) and rental raise on Pyramid Mall may neutralize the shortage of income coming from Putra Mall.
They only mention private placement at the moment, no mention RI, so you should be happy. biggrin.gif

This post has been edited by yok70: Oct 10 2012, 05:23 PM
yok70
post Oct 10 2012, 11:12 PM

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QUOTE(panasonic88 @ Oct 10 2012, 05:36 PM)
Oh Thank you for pointing out, my bad  blush.gif

Read from Nanyang newspaper,

"黄中立指出，他们与双威医药中心业者签署“10+10”主要租赁协议，确定首12个月有1900万令吉年租进账，未来9年是每年增加3.5%租金。"

Yokie how much is 1900万令吉年租?  blush.gif
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rental income is 19,000,000,
purchasing cost is 310,000,000
so yield is 19/310 = 6.13%, not bad, higher than its current yield of 5.1%. thumbup.gif

yok70
post Oct 15 2012, 12:00 PM

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QUOTE(nspk @ Oct 14 2012, 01:52 PM)
What's means by withholding tax?
the withholding tax cannot claim from income tax right ?
dunno what mean.
Just know we all need to pay this 10% withholding tax for any Malaysia Reit dividend. And it cannot be claimed back even if you earn RM1/month. biggrin.gif

yok70
post Oct 16 2012, 07:51 PM

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QUOTE(davinz18 @ Oct 16 2012, 06:20 PM)
Starhill REIT got aproval from Bank Negara (Controller of Foreign Exchange Administration Dept) for the remittances in respect of the Proposed Acquisition (MARRIOTT HOTELS - AUD 415,000,000)

Maybe end of the month can get the Circular/Notice for EGM  brows.gif
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Accumulated quite enough already in past few weeks at 1.03-1.04. thumbup.gif
How about 1.25 by year end? My wet dream. tongue.gif
yok70
post Oct 17 2012, 04:32 PM

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QUOTE(panasonic88 @ Oct 17 2012, 09:53 AM)
IGBReits research paper by Maybank, 39 pages.
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I want to post the CIMB paper but once again, it's too large and cannot attach here! Why limit so low leh! doh.gif
yok70
post Oct 31 2012, 02:55 AM

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QUOTE(Jordy @ Oct 31 2012, 02:31 AM)
I have not seen much discussion lately on REITs. Recently, we see few reports coming out with Neutral outlook on the industry, so I would like to find out what is everybody planning with their holdings.

At the moment I am still holding on to my ATRIUM and my newly enlarged AMFIRST after the recent rights issue. I am considering to continue my hunt for undervalued REITs after my previous unloading of my beloved AXREIT.
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But Axreit is forever undervalued. tongue.gif

Those reports mainly judge by yield compression. They suggest to switch from defensive to aggressive(or hunt for undervalued stocks such as construction stocks etc.) especially after GE.
So it's pretty much like this:
If we bullish, we sell reits or high dividend currently better valued stocks and buy badly performed stocks such as construction and properties stock
If we bearish or still cautious, stay defensive and ignore those reports.
if we super bearish, sell everything.

Market seems forever ambiguous and frustrating, isn't it? Since I started this game 2.5 years ago. biggrin.gif

yok70
post Oct 31 2012, 03:56 PM

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QUOTE(Jordy @ Oct 31 2012, 11:33 AM)
yok70,

No, I do not find the market frustrating, because I'm still earning my dividends regardless. To me, I am still shopping around for counters with room to grow. From my observation, I noticed that at the moment QCAPITA has the highest DY among its peers. I am wondering if it still has room for expansion, since I don't follow it.
Office space oversupply is the key risk and worry for office REIT right now. Therefore valuation is lower and yield becomes higher. nod.gif

yok70
post Nov 1 2012, 02:43 AM

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QUOTE(Smurfs @ Oct 31 2012, 04:57 PM)
But the Committed Occupancy of QCT properties is 99 % which is almost fully occupied.Hence i think office space oversupply wont affect QCT much.Furthermore those international company like DHL , IBM , BMW they wont move out in the near future as in setting up an office/commercial building is not an easy task.Quality tenant base plays an important role here.As long as there's tenants , property income is predictable.

Another reason peoples are interested in QCT is because of TESCO penang which located at prime location ( Jelutong Expressway )  biggrin.gif

And if u've been reading their financial reports or recent annoucement , they do donate to various organization regularly.
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True. Qcap has a great management team that gives good performance for years. But the management also pointed out last year that they will be very careful on new acquisition exercise because of oversupply risk. Anyway, aggressive expansion also may create high risk. This all depends on how well the management handles it. laugh.gif
yok70
post Nov 3 2012, 06:58 AM

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QUOTE(davinz18 @ Nov 3 2012, 12:15 AM)
Starhill reit not moving much as I hope to.

closing price maintain RM 1.09 for few days.

when will it fly kaw2  hmm.gif

Still below NAV unlike other "Famous" Reits
http://mreit.reitdata.com/
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Me too, waiting. But I have more patient than you. I'm no rush, I can wait.
The acquisition of Australia's hotels is not completed yet. I bet price will only surge after the announcement of that.
No intention to sell it anyway until yield reaching below 6% then only consider to sell some off. biggrin.gif
yok70
post Nov 6 2012, 01:54 AM

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ya loh, why not drop straight to 1.65 so that my rabbit got something to eat. they over hungry now. tongue.gif
yok70
post Nov 21 2012, 01:18 PM

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Next Qtr will see contribution from the two newly acquisition malls.
Even before that to happen, dividend has already increased. Very good! Remain as the highest retail MReit of yield 7.x% vs peers 5.x%, that's 40% higher. But nobody likes to buy cheap stock, they prefer expensive royal stocks. tongue.gif




Attached File(s)
Attached File  Hektar_REIT_3Q12_211112.pdf ( 389.81k ) Number of downloads: 39
yok70
post Nov 21 2012, 05:27 PM

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QUOTE(river.sand @ Nov 21 2012, 03:49 PM)
How could the CIMB analyst report come up with net gearing ratio of 65.8%?
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I think the 50% thing is not the same as net gearing. Normally, reports wrote leverage on REITs while using net gearing for other stocks.
However, Hektar is one of the highest debt reit here. Therefore, this kind of limiting its ability to actively acquire new assets. This is one of the reason why it's trading at lower valuation than peers. nod.gif
yok70
post Nov 27 2012, 01:21 AM

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QUOTE(sheep436 @ Nov 26 2012, 11:15 PM)
Bdreits keep dropping..sad...how low can it go? Shud I throw b4 it go down sum mor? bog at RM1.80 early 2012.
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CPO price is affecting its performance. biggrin.gif
yok70
post Nov 30 2012, 04:57 PM

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QUOTE(davinz18 @ Nov 30 2012, 04:46 PM)
Starhill REIT - On behalf of the Board, AmInvestment Bank is pleased to announce that the Proposed Acquisition has been completed on 29 November 2012.

http://www.bursamalaysia.com/market/listed...cements/1131965

does it mean no EGM / meeting to vote for the proposed Marriott Hotel Acquisition like the last one  hmm.gif
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Approved long time ago loh, I think. biggrin.gif
Not much response yet....which I believe will happen soon. Just my wet dream. tongue.gif
yok70
post Dec 1 2012, 04:45 AM

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Shot some Alaqar recently. Seeing big investors change hands in recent weeks. Big lots transacted at 1.43-1.46 range. And then at 1.31-1.34 range. hmm.gif
I bought in my first batch at 1.30-1.33. sweat.gif

This post has been edited by yok70: Dec 1 2012, 04:47 AM
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